ABSTRACT
Designing appropriate development strategies and accompanying socioeconomic policies for previously centrally-managed economies (PCME) are a highly complex task. Vietnamese analysts recognize the difficulty of formulating a detailed strategy for Vietnam, acknowledging that they are currently unable to fully evaluate a number of elements with a bearing on the strategy. The authors appreciates the diverse demands involved in creating a new socio-economic strategy, particularly one that incorporates specific approaches to address the multi-faceted objectives of socio-economic reform; stabilization and structural adjustment; and economic growth and development. As strategies and policies that address the problems of transition to market and economic development within new framework are evolving in Vietnam. It is imperative that they are viewed as a process and not as a model cast in stone. The discussion of Vietnam's domestic conditions and the economy's projected demand and supply sources of growth will bring into sharper focus the position of the internal market in Vietnam's evolving socio-economic strategy.
